Abstract
Recent statistical report on software project has been reflected the significant software project failure rate is existed till now. Failure can be partial, complete or compromising in functional or non-functional factors. The EBSPM public software project data repository has been analysed to reflect the relationship among cost, time, effective hours and functional points to identify eternal influencing factors. The literature review has identified the root causes of failure. Software quality control is a formal approach to make the project successful but until now ambiguous with the integration of quality factors. Our proposed ontology reduces the complexity of project management. This research has established the way of developing an ontology by including maximum quality factors. The way of collaborative working is included in the ontology to ensure formal, transparent, accountable and responsible manner. The ontology model is developed with descriptive logic and diagrams. Theoretical evaluation has been done at the end of the research based on the criteria of standardisation organisations.
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